Thanks John, much appreciated. It's a very opaque market and the US is leaps and bounds ahead from a consumer standpoint. Any other questions please feel free !
This is the type of video that really helps. Thank you. Couple of questions not covered in your video or at least wasn’t clear to me. Who pays the agent’s commission. In US the seller and only the seller who pays the real estate commissions. The buyers agent and seller agent will share the commission paid for by the seller. Is it the same in France. You mentioned 1 1/2 to 2% for the “research work” or “ finders fee”. If the seller pays the commission to be shared by both agents what is “ research fees” who pays that. Could you explain?
Thanks! The seller’s agents commission (2-5%) is included in the list price, so the seller. The real difference between the US and France is that usually there is no buyer agent, most buyers are self represented. We (and some others) act as buyers agent (search fees), which is paid directly by the buyer, although sometimes we can share with sales agent so no extra for the buyer, but it’s a supplementary service. Hope that’s clear!
Yes annual, but they are very broad numbers. It varies on the size of the appartement, building and what services (elevator, concierge, parking, central building heat/air). Either way, always include them in your budgeting, plus for any potential building works.
I’m from Toronto thinking of buying a property in Paris . I used to live in france and still kept my french bank and french tel number. What are the rules in buying a property in france as a Canadian . Can I do the mortgage lending through a french bank ?
Hi, Yes you can get a mortgage through a French bank. You would be treated as a non-resident so would have more strict criteria than a French taxpayer.
Hello I am surprised that you can get a mortgage thru a French financial institution as a foreigner. My wife and I have been looking at buying a property in France but from our discussions with multiple experts, apparently it is not possible. Do you have any financial institution names to give us, that do mortgages for foreigners ?
Very informative - From Canada
Thanks!
clear, simple and professional explanation. Appreciate it. I am currently considering an apartment in Bastille, would be my first home.
Thanks Guillaume! You have an exciting project, in a very cool location. Don’t hesitate to reach out if you’d like any advice.
You are smart to do these videos. Paris RE market is strangely obfuscated compared to USA. Your insights are appreciated.
Thanks John, much appreciated. It's a very opaque market and the US is leaps and bounds ahead from a consumer standpoint. Any other questions please feel free !
c'est super, merci
Great info, but the background music overpowers your voice. Bit distracting.
This is the type of video that really helps. Thank you. Couple of questions not covered in your video or at least wasn’t clear to me. Who pays the agent’s commission. In US the seller and only the seller who pays the real estate commissions. The buyers agent and seller agent will share the commission paid for by the seller. Is it the same in France. You mentioned 1 1/2 to 2% for the “research work” or “ finders fee”. If the seller pays the commission to be shared by both agents what is “ research fees” who pays that. Could you explain?
Thanks!
The seller’s agents commission (2-5%) is included in the list price, so the seller. The real difference between the US and France is that usually there is no buyer agent, most buyers are self represented. We (and some others) act as buyers agent (search fees), which is paid directly by the buyer, although sometimes we can share with sales agent so no extra for the buyer, but it’s a supplementary service. Hope that’s clear!
great content ALEX .
Thank you Pham!!
Hope you get your flowers soon
Great info thanks can wait to buy property in paris it would be my firts property in Europe im very excited 😊
Amazing! Let us know if you have any questions!
20th subscriber. You will be at peak one day
Thanks! It really means a lot!!! Let me know what you'd like to see next
Great content!
Thanks Joe!
Great video, background music too high!
Thanks for the feedback, noted!!
Thank you
Thanks for watching!
nice explanatio. from south korea
Thank you!!
2 questions: Are those running costs annual? and, Does property ownership change your visa eligibility?
Yes annual, but they are very broad numbers. It varies on the size of the appartement, building and what services (elevator, concierge, parking, central building heat/air). Either way, always include them in your budgeting, plus for any potential building works.
Ownership doesn't change visa eligibility like in some other EU countries.
which arrondissement is the least expensive in paris? I love the 18th and the 5th
The 19th and 20th are least expensive, but some areas of the 18th are also very accessible.
none of your links are working...hmmmm strange!
Thanks for picking that up Mauricio we’ll fix that ASAP!!
Should be working now!
I’m from Toronto thinking of buying a property in Paris . I used to live in france and still kept my french bank and french tel number. What are the rules in buying a property in france as a Canadian . Can I do the mortgage lending through a french bank ?
Hi, Yes you can get a mortgage through a French bank. You would be treated as a non-resident so would have more strict criteria than a French taxpayer.
Thank you !
You’re welcome. Feel free to DM if you have a specific project to discuss.
Video starts @ 00:37
Hello
I am surprised that you can get a mortgage thru a French financial institution as a foreigner. My wife and I have been looking at buying a property in France but from our discussions with multiple experts, apparently it is not possible. Do you have any financial institution names to give us, that do mortgages for foreigners ?
It all depends on your profile, project and the amounts involved. Please contact me directly and we can discuss your options. Thanks.
Does the purchase of the property grant residency?
No it does not, unfortunately.
Si vous avez de l,argent, vous pouvez acheter tout ce qui vous plait a Paris.
C’est clair!
Hello I m in Pakistan🇵🇰
Awesome country I’d love to visit!
👍😎
Wtf with the music for real
is there underbidding.....?
Yes, absolutely. You make the offer of your choice, with a maximum of the asking price.
property tax is low, i pay 3,500 euro to a fc*king township in nj, us monthly
Super low compared to the US.